This document discusses cloud computing and its benefits over traditional on-site software and hardware models. Cloud computing offers lower upfront costs through software subscriptions rather than licensing, and reduces ongoing costs by hosting hardware and managing maintenance, support, security and connectivity. The cloud market is growing significantly and more applications are becoming available through the cloud like email, storage, CRM and basic accounting software. Companies should evaluate long-term stability, financial viability, customer service, and data access policies when considering cloud solutions.